Royal Bank of Canada (TSE:RY) (NYSE:RY) has been assigned an average recommendation of “Hold” from the twelve analysts that are currently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is C$108.45.

Several equities research analysts have weighed in on RY shares. Eight Capital upgraded Royal Bank of Canada from a “neutral” rating to a “buy” rating and upped their target price for the stock from C$107.00 to C$113.00 in a research note on Monday, December 11th. Desjardins upped their target price on Royal Bank of Canada from C$108.00 to C$109.00 in a research note on Thursday, November 30th. CSFB upped their target price on Royal Bank of Canada from C$105.00 to C$108.00 and gave the stock an “outperform” rating in a research note on Thursday, November 30th. BMO Capital Markets upped their target price on Royal Bank of Canada from C$100.00 to C$102.00 and gave the stock a “market perform” rating in a research note on Thursday, November 30th. Finally, CIBC upped their price target on shares of Royal Bank of Canada from C$103.00 to C$113.00 in a report on Monday, November 13th.

Royal Bank of Canada (RY) traded up C$0.70 during midday trading on Friday, reaching C$100.51. The company’s stock had a trading volume of 2,222,238 shares, compared to its average volume of 2,810,000. Royal Bank of Canada has a 12-month low of C$90.13 and a 12-month high of C$108.52. The company has a market capitalization of $146,830.00, a PE ratio of 13.29 and a beta of 0.71.

Royal Bank of Canada (TSE:RY) (NYSE:RY) last released its earnings results on Wednesday, November 29th. The financial services provider reported C$1.92 earnings per share for the quarter, topping the consensus estimate of C$1.88 by C$0.04. Royal Bank of Canada had a return on equity of 16.63% and a net margin of 26.20%.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, January 25th will be issued a dividend of $0.91 per share. The ex-dividend date of this dividend is Wednesday, January 24th. This represents a $3.64 annualized dividend and a dividend yield of 3.62%. Royal Bank of Canada’s dividend payout ratio (DPR) is presently 46.03%.

In related news, insider Alex Douglas Mcgregor sold 7,403 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of C$101.73, for a total value of C$753,107.19. Also, Director David Ian Mckay sold 5,352 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of C$101.19, for a total value of C$541,568.88. Insiders have sold 19,531 shares of company stock valued at $2,024,910 over the last quarter.

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Royal Bank of Canada Company Profile

Royal Bank of Canada (RBC), is a diversified financial services company. The Company provides personal and commercial banking, wealth management services, insurance, investor services and capital markets products and services on a global basis. The Company serves personal, business, public sector and institutional clients in Canada, the United States and approximately 40 other countries.

Analyst Recommendations for Royal Bank of Canada (TSE:RY)

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